Tuesday, March 19, 2019

South Korea Smart Home Market to 2025 - Number, Household Penetration & Key Company Analysis - ResearchAndMarkets.com

BWW News Desk
January 10, 2019

The a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchvgxjx4southkoreasmartw4 relnofollowSouth Korea Smart Home Market Number Household Penetration amp Key Company Analysis Forecast to 2025a report has been added to strongResearchAndMarketscomsstrong offering pblockquotep idpullquotepblockquote p The South Korea smart home market is anticipated to exceed US 6 Billion by 2025 p p Smart home is a system that allows home owner to control and monitor different devices in the home including the heating lighting security and entertainment automatically and sometimes remotely via the Internet p p The growth of Smart home market is attributed to factors such as significantly growing IoT market cost reduction measures enabled by home automation systems large number of manufacturers expanding their product portfolios and increasing importance of home monitoring from remote locations With the increasing demand of smart home devices security and privacy breach is also increasing The issues pertaining to privacy and security breach are restraining the growth of the smart home market p p strongReport Highlightsstrong p ul li The South Korea smart home market is likely to more than threefold by the year 2025 from its current level in 2018 li li In South Korea household penetration for smart home applications is estimated at 206 in 2018 li li Increasing mobility is one of the emerging trends driving the smart home market li ul p strongSouth Korea Smart Home Market By Application Areasstrong p ul li Smart Appliances captured maximum share of the South Korea smart home market in 2018 li li Home Entertainment is the second largest application segment of the South Korea smart home market followed by the Security segment li li Control and Connectivity is the fourth largest application segment of the South Korea smart home market capturing over 15 share in 2018 li li The South Korean smart home control and connectivity segment is expected to show an annual growth rate of 194 during the period 2018 2025 li li The average revenue per Smart Home in the Smart Appliances segment currently amounts to US 41607 li li The revenue in the South Korean Smart Home Energy Management segment amounts to US 170 Million in 2018 li li South Korea Smart Home Active Households By Application Areas li li Control and Connectivity segment captures highest share of the South Korea Smart Home active households in 2018 being followed by Home Entertainment segment li li Energy Management application captured least share of the Smart Home active households in 2018 li li In the Home Entertainment segment the number of active households is expected to surpass 3 Million by 2025 li li In South Korea the household penetration for Security application is estimated at 63 in 2018 li li In the Smart Appliances segment the number of active households is expected to reach nearly 6 Million by 2025 li ul p strongKey Topics Coveredstrong p p 1 Executive Summary p p 2 South Korea Smart Home Market Analysis to 2025 p p 3 South Korea Smart Home Market Share Analysis to 2025 p p 4 South Korea Smart Home Market Number of Active Households amp Households Penetration By Application Areas p p 5 South Korea National Smart Home Standardization p p 6 South Korea Smart Home Key Company Profiles p p 7 South Korea Smart Home Driving Factors p p 8 South Korea Smart Home Challenges p p strongCompanies Mentionedstrong p ul li Hancom MDS Inc The former MDS Technology Co Ltd li li KT Corp li li LG Electronics Inc li li Samsung Electronics Co Ltd li li SK Telecom li ul p For more information about this report visit a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchvgxjx4southkoreasmartw4 relnofollowhttpswwwresearchandmarketscomresearchvgxjx4southkoreasmartw4a p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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